Looking for Litecoin to push down into liquidity between 206-200, take out stops then make a move in and out of the bullish flag above.
Looks for a buy on the retest of the top of the flag if pattern pulls through
Looking for price action to continue up to the 78.6 for a short opportunity.
Past consolidation at the sell level.
Just shy of a 38.2 retracement from the previous down swing.
Keeping an eye of for some RSI divergence at the level
Potential long setup forming on the 1hr chart.
Inverted Head and Shoulders Pattern forming for a long position.
Price needs to clear the neckline, break and close above the 0.382 fib retracement for a long position to be valid.
Stop below right shoulder, First target at A-B=C-D move of the previous impulse leg. Secondary targets up at previous structure.
Looking for price to favor the AUD going short.
Multiple tests of 1.4750 to 1.4780 have not broken and closed above structure so far.
Shorting to previous support zone @ 1.4690 and secondary targets trailed to 1.4640
Potential Sell Setup.
Current Candle under the Previous Candle High
Current Candle broke previous Candle Low
At previous Structure level
High on the RSI
If the candle can Engulf the previous then a sell at
Previous candle low with stops above previous candle high